Palmer Square Capital BDC Inc. (NYSE:PSBD - Get Free Report) shares gapped down prior to trading on Tuesday . The stock had previously closed at $15.97, but opened at $15.31. Palmer Square Capital BDC shares last traded at $15.93, with a volume of 1,424 shares trading hands.
Palmer Square Capital BDC Price Performance
The stock has a market cap of $511.40 million and a price-to-earnings ratio of 8.16. The company's 50 day moving average is $15.70 and its 200 day moving average is $16.02.
Palmer Square Capital BDC Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Monday, January 13th. Stockholders of record on Friday, December 27th were paid a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a dividend yield of 10.73%. The ex-dividend date of this dividend was Friday, December 27th. Palmer Square Capital BDC's dividend payout ratio (DPR) is 87.50%.
Hedge Funds Weigh In On Palmer Square Capital BDC
Several hedge funds have recently bought and sold shares of PSBD. Renaissance Technologies LLC acquired a new stake in Palmer Square Capital BDC in the second quarter valued at $173,000. Hennion & Walsh Asset Management Inc. acquired a new stake in Palmer Square Capital BDC in the 3rd quarter valued at about $792,000. Confluence Investment Management LLC increased its holdings in Palmer Square Capital BDC by 22.1% during the 3rd quarter. Confluence Investment Management LLC now owns 104,082 shares of the company's stock valued at $1,697,000 after acquiring an additional 18,842 shares in the last quarter. Finally, FMR LLC raised its position in Palmer Square Capital BDC by 7.3% during the third quarter. FMR LLC now owns 383,125 shares of the company's stock worth $6,245,000 after acquiring an additional 25,951 shares during the last quarter. 6.52% of the stock is owned by hedge funds and other institutional investors.
About Palmer Square Capital BDC
(
Get Free Report)
Palmer Square Capital BDC Inc is an externally managed, non-diversified closed-end management investment company which primarily lends to and invests in corporate debt securities, including small to large private U.S. companies and has elected to be regulated as a business development company. Palmer Square Capital BDC Inc is based in MISSION WOODS, Kan.
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